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Compare Reverse Mortgage Specialists in Farmington, CT
Browse reverse mortgage specialists serving Farmington, Connecticut. Contact information and addresses listed below.
5 agents listed
Updated May 2026
Farmington, CT
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Connecticut before hiring.
Showing 5 reverse mortgage specialists in Farmington, CT
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mark Chu, Jr - American Mortgage Capital, LLC
107 Mountain Rd, Farmington, CT 06032
8604582020
CT Liberty Mortgage, LLC
5 Forest Park Dr Suite 5-1 RB, Farmington, CT 06032
8606060099
Right Step Mortgage LLC
1053 Farmington Ave, Farmington, CT 06032
8609896680
Jake Earl at Total Mortgage Services, LLC (NMLS #975556)
128 Garden St, Farmington, CT 06032
8606300214
Total Mortgage Farmington NMLS #2587938
128 Garden St, Farmington, CT 06032
8606300214
A reverse mortgage specialist in Farmington Connecticut helps homeowners aged 62 and older access home equity without monthly payments. Connecticut law requires borrowers to complete HUD approved counseling before obtaining a Home Equity Conversion Mortgage. Farmington residents can use these funds for home repairs healthcare expenses or supplementing retirement income.
What Does a Reverse Mortgage Specialist in Farmington Cost?
Typical costs for a reverse mortgage in Connecticut include an origination fee up to 2 percent of the home value capped at 6000 dollars an appraisal fee of 450 to 600 dollars and a mortgage insurance premium of 2 percent of the home value. Closing costs usually range from 2000 to 5000 dollars. These costs can be financed into the loan. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the eligibility requirements for a reverse mortgage in Farmington Connecticut?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The property must be the primary residence and meet FHA standards. Connecticut requires completion of a HUD approved counseling session before application.
Are reverse mortgage proceeds taxable in Connecticut?
Reverse mortgage proceeds are not considered income for federal or Connecticut state tax purposes. However interest on the loan is not tax deductible until the loan is repaid. Consult a tax professional for your specific situation.
What happens to a reverse mortgage when the borrower moves out or passes away in Connecticut?
The loan becomes due when the last borrower dies sells the home or permanently moves out. Heirs have 30 days under Connecticut law to decide to repay the loan or sell the property. If the home is sold the proceeds first pay off the loan balance and any remaining equity goes to the heirs.
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About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Connecticut.